The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50 a barrel, according to crude trader and hedge fund manager Andrew J. Hall.
Dolphin Energy, the Abu Dhabi state-controlled venture that produces and transports natural gas to the UAE and Oman, wants to raise a $1 billion loan and has invited banks to pitch for a role advising it, banking sources said on Sunday.
Saudi Aramco senior vice-president Amin al-Nasser has been named acting chief executive of the state oil giant until further notice, Aramco said on its website on Friday.
Following years of dawdling over development of Iran's Farzad B gas field by Indian companies, Iran has rejected the latest package proposed by an Indian delegation for the development of the field
China is preparing to shuffle the leadership of its biggest oil companies, helping clear a path in a crucial area of the economy for President Xi Jinping as he plans his overhaul of the nation’s bloated state sector
Dubai stocks tumbled the most since March as investors bet the longest streak of weekly gains in 15 months had taken share prices too high, too fast. Abu Dhabi equities fell to the lowest in almost three weeks.
The European Union, keen to lessen its dependence on Russia for energy supplies, expects to start receiving natural gas from Turkmenistan by 2019, European Commission Vice President Maros Sefcovic said in an interview.
Petrobras has finished drilling well 3-BRSA-1296-SES (ANP nomenclature) in the Sergipe Basin’s ultra-deep waters, in concession BM-SEAL-10, block SEAL-M-499
Apollo Offshore Engineering has signed a collaboration agreement with ABT Oil and Gas (an Enegi Oil-ABTechnology joint venture) to join the Marginal Field Delivery Consortium providing expertise in the structural engineering of ABTOG’s current and future solutions